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On Our Radar

Utilities Sector Wrap

During trading today, both the Utilities sector (XLU) and the S&P500 showed little movement.

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While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, XLU was down 1.7% over the last thirty trading days while the S&P 500 was down 5%.

Tri-Tech (TRIT) was a significant gainer in the sector, rising 8%. The stock closed at $4.17 with 46,624 shares moving. The stock traded in a range of $3.86 to $4.20. The stock is down over the last three months, having fallen 77 cents (-15.6%) from $4.94 on May 29, 2012.

Companhia Energetica Minas Gerais (CIG) was one of the sector's big losers, as its price dropped 4.4% (-85 cents) to close at $18.55. Four million shares of the stock moved. The stock traded between $17.96 and $19.32. Shares have been on on the rise over the past three months, climbing 3 cents (0.2%) from a price of $18.52 on July 25, 2012.

ITC Holdings (ITC) declined 1.2% to close at $71.64, moving below its 50-day moving average of $72.19 and 200-day moving average of $72.83.

Chesapeake Utilities Corporation (NFG) fell 1.8% to close at $46.51, moving closer to its 50-day moving average of $46.30. Also, the stock moved closer to its 200-day moving average of $47.89.